Word: resigns
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...controversy. At First Chicago in the late 1970s, he helped the bank recover from a string of bad real estate loans. But associates complained that Abboud was autocratic and contributed to flagging morale. In 1980 the bank's board ousted him. Abboud soon became president of Occidental, only to resign in 1984 after policy clashes with Chairman Armand Hammer. Since then, Abboud has run his own investment firm near his home in the posh Chicago suburb of Barrington. His reputation for toughness lingers, however, and Abboud seems to revel in it. "People think the A in A. Robert Abboud stands...
...marriage banns also led to a divorce. S.D.P. Leader David Owen, who had helped found the party as a breakaway movement from Labor, had opposed the merger, citing basic differences on defense policy. Last week he made good on a threat to resign. Steel called that "logical," while decrying Owen's opposition as "profoundly mistaken...
Shultz rejected suggestions from a few committee Republicans that he should have threatened to resign when his advice on the Iran arms sales was not followed. Snapped Shultz in reply to Illinois Congressman Henry Hyde: "Would you have said that I should have sat there on Dec. 7 in the White House and said, 'Mr. President, I see you're wavering, and if you should decide against me, goodbye'?" He added, "That's not the way to play this game at all. I'm there to help the President, not make his life more difficult...
After his forceful testimony, the embattled George Shultz seems in no mood to resign. At the department he heads, morale soared. Said a Foggy Bottom official: "George went out and was George. He was honest and plainspoken. He showed the department to be the only honorable entity in all of the mess." From the White House came high praise from Reagan, though some presidential aides thought Shultz had been self-serving. A spokesman said the President hoped Shultz would continue at his post...
Elected to Parliament as its youngest Member at 29, Archer has had a tumultuous career. He was forced to give up politics and resign from Parliament five years later when bad investments left him near bankruptcy. Those misfortunes became the grist for his first best seller, Not a Penny More, Not a Penny Less (1975), a title that his lawyer last week jokingly suggested should serve as a guide to the jury in setting damages. Archer's seven books have sold 30 million copies worldwide, making him a multimillionaire and, until last fall, a star on the Tory speaking circuit...